[SMM Steel Shipping] Last week, China's total exports decreased by 4% WoW

Domestic Steel Shipping

1. Shipment Data

Last week (2024.6.22-2024.6.28)

SMM's total steel shipments from national ports were 7.0474 million mt, down 13,600 mt WoW, a decrease of 0.2%. Among them, the total shipments from the six major northern ports (Jingtang Port, Caofeidian Port, Bayuquan Port, Tianjin New Port, Huanghua Port, Jinzhou Port) were 2.3621 million mt, down 117,900 mt WoW, accounting for 34% of the total shipments. The total shipments from the three major east China ports (Shanghai Port, Zhangjiagang Port, Lanbei Port) were 520,700 mt, up 6.55 mt WoW, accounting for 7% of the total shipments. The total shipments from the two major south China ports (Zhanjiang Port, Fangcheng Port) were 444,700 mt, up 103,300 mt WoW, accounting for 6% of the total shipments.

2. Port Arrivals Data

Last week (2024.6.22-2024.6.28)

SMM China's total steel port arrivals were 6.0319 million mt, down 707,700 mt WoW, a decrease of 11%. Among them, the total port arrivals at 13 main ports in east China were 3.7701 million mt, down 424,900 mt WoW, accounting for 63% of total port arrivals in the week. The total port arrivals at Guangzhou Port in south China were 286,300 mt, down 19,400 mt WoW, accounting for 5% of total port arrivals in the week.

2. Steel Foreign Trade Shipping

1. Shipment Data

Last week (2024.6.22-2024.6.28)

Global (excluding China) port steel shipments were 1.8416 million mt, down 3% WoW. Chinese port shipments were 2.145 million mt, down 4% WoW.

By product type,

Last week, global port steel plate shipments were 126,700 mt, down 8%. Global port steel coil shipments were 377,300 mt, down 9%. Global port pig iron shipments were 683,200 mt, down 20%. Global port steel billet shipments were 327,900 mt, down 29%.

2. Port Arrivals Data

Last week (2024.6.22-2024.6.28)

Steel port arrivals at 119 Chinese ports totaled 59.74 mt, up 230,300 mt WoW, an increase of 63%.